Annual report pursuant to Section 13 and 15(d)

Business Acquisitions (Tables)

v3.20.1
Business Acquisitions (Tables)
 12 Months Ended
Dec. 31, 2019
Business Combinations [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed The following table summarizes the purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed at the date of acquisition.
Pollen Gear LLC (in thousands) January 14, 2019
Cash $ 91   
Accounts receivable 546   
Vendor deposits 1,700   
Other deposits 18   
Property and equipment, net 342   
Trade name 918   
Design libraries 1,677   
Goodwill 3,550   
Net liabilities (2,178)  
Total purchase price $ 6,664   
Schedule Of Recognized Identified Assets Acquired And Liabilities Assumed 1 The following table summarizes (in thousands) the purchase price allocation and the estimated fair value of the net assets acquired and liabilities assumed at the date of acquisition.
Conscious Wholesale Estimated Fair Value
as of Acquisition Date
(as Previously Reported)		 Measurement
Period Adjustments		 Estimated Fair Value as of Acquisition Date (as Adjusted)
Cash $ 812    $ —    $ 812   
Accounts receivable 313    —    313   
Inventory, net 1,820    —    1,820   
Other assets 955    184    1,139   
Trade names 153    —    153   
Customer relationships 1,044    175    1,219   
Goodwill 2,264    657    2,921   
Net liabilities (1,494)   (184)   (1,678)  
Total purchase price $ 5,867    $ 832    $ 6,699   
Business Acquisition, Pro Forma Information
The following unaudited pro forma financial information represents the combined results for us, Pollen Gear, and Conscious Wholesale for the years ended December 31, 2019 and 2018 as if Pollen Gear and Conscious Wholesale had been acquired by us on January 1, 2018, and their results had been included in our consolidated results beginning on that date (in thousands):

Year Ended December 31,
2019 2018
(Unaudited)
Net Sales $ 193,351    $ 190,794   
Cost of Goods Sold 159,252    149,971   
Gross Profit 34,099    40,823   
Net Loss $ (39,621)   $ (5,381)